The Supreme Court today sought aresponse from the CBI on a plea of Pearls Agrotech CorporationLtd (PACL), accused of not refunding over Rs 49,100 crore toits investors under various chit-fund schemes, that over 70FIRs filed against it and its promoters across the country beclubbed with the case being probed by the central agency.

CBI today arrested promoter of FTIL and commodity bourse MCX Jignesh Shah in a case of alleged cheating and suppression of facts in getting SEBI extension to MCX-SX to continue as a private stock exchange in violation of norms.

A state police circular, directing the police stations across Maharashtra, to register complaints against builders who cheat home buyers and violate building norms, has evoked a mixed response from developers and home buyers. Swadesh R

"The FIR is filed by ACB against those who are responsible for illegal allotment of land to SEZ promoters. I will ask them to expedite the investigation and submit the preliminary report in 30 days," Parsekar told the state Assembly responding to a Question by Congress MLA Mauvin Godinho.

The details were provided by Finance Minister Arun Jaitley in Rajya Sabha during Question Hour, where he also said that a Joint Committee of Parliament is presently looking into a Bill relating to debt recovery which aims at empowering banks to take more effective steps in dealing with default situations.

A PIL in the Bombay High Court hassought transfer of probe from city police to Anti-corruptionBureau (ACB) in the alleged road contract and desilting scams,saying it would expose the "unholy nexus" between contractorsand civic staff.

The other leaders who have been named in the FIR include Rajiv Gandhi Institute of Development Studies Chairman Ramesh Chennithala, former Kerala chief minister Oommen Chandy and Kerala Pradesh Congress Committee president VM Sudheeran.

The Supreme Court today sought aresponse from the CBI on a plea of Pearls Agrotech CorporationLtd (PACL), accused of not refunding over Rs 49,100 crore toits investors under various chit-fund schemes, that over 70FIRs filed against it and its promoters across the country beclubbed with the case being probed by the central agency.

CBI today arrested promoter of FTIL and commodity bourse MCX Jignesh Shah in a case of alleged cheating and suppression of facts in getting SEBI extension to MCX-SX to continue as a private stock exchange in violation of norms.

A state police circular, directing the police stations across Maharashtra, to register complaints against builders who cheat home buyers and violate building norms, has evoked a mixed response from developers and home buyers. Swadesh R

"The FIR is filed by ACB against those who are responsible for illegal allotment of land to SEZ promoters. I will ask them to expedite the investigation and submit the preliminary report in 30 days," Parsekar told the state Assembly responding to a Question by Congress MLA Mauvin Godinho.

The details were provided by Finance Minister Arun Jaitley in Rajya Sabha during Question Hour, where he also said that a Joint Committee of Parliament is presently looking into a Bill relating to debt recovery which aims at empowering banks to take more effective steps in dealing with default situations.

A PIL in the Bombay High Court hassought transfer of probe from city police to Anti-corruptionBureau (ACB) in the alleged road contract and desilting scams,saying it would expose the "unholy nexus" between contractorsand civic staff.

The other leaders who have been named in the FIR include Rajiv Gandhi Institute of Development Studies Chairman Ramesh Chennithala, former Kerala chief minister Oommen Chandy and Kerala Pradesh Congress Committee president VM Sudheeran.

nifty will fall with great pace once thy start getting enough feeding at downside ...banking auto realestate cement stocks will hit badly in days to come...stay away from midcaps n small stocks fir investment purpose...right time we will go for 3-5 times in our stock specific bets..jsm.